"The primary mandate of the Central Bank is to ensure macroeconomic stability. To achieve this goal, we will choose any regime that is suitable. Today, together with the government, we believe that a stable exchange rate regime is the most favorable for ensuring macroeconomic stability," Governor of the Central Bank of Azerbaijan Taleh Kazimov said during a discussion on the "State Budget of the Republic of Azerbaijan for 2025" draft law at a meeting of the Milli Majlis Committee for Economic Policy, Industries, and Enterprising, APA reports.
"We do not aim to switch to a floating exchange rate next year or the following year. As you can see in the budget and medium-term expenditures this year and in the coming years, the manat/dollar exchange rate is projected to be 1,7. We consider a stable exchange rate regime favorable for ensuring macroeconomic stability in the medium term," said Taleh Kazimov.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
